Which of the following is not true of regression techniques for estimating costs?
A) They permit the inclusion of more than one predictor.
B) They typically use the highest and lowest activity points to estimate the relation between cost and activity.
C) They help develop estimates that have a broader base than those based on a few select points.
D) They are designed to generate a line that best fits a set of data points.

Question

Quizplus · Accepted Answer

Regression techniques do not typically use only the highest and lowest activity points; that method is characteristic of the high-low method, not regression analysis. Regression uses all data points to find the best-fitting line.

Which of the Following Is Not True of Regression Techniques